2. Timeless Ltd produces clocks and sells them with a one-year warranty. The warranty provision account currently has a debit balance of $4,000. The estimated cost of repairing clocks that have already been sold is $18,000. The adjustment needed to update the warranty provision account is: a. Debit $18,000. b. Credit $18,000. C. Debit $22,000. d. Credit $22,000. e. Debit $14,000